Smiths News plc (LON:SNWS) Insider Jonathan Bunting Sells 1,183,423 Shares

Smiths News plc (LON:SNWS) insider Jonathan Bunting sold 1,183,423 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of GBX 61 ($0.79), for a total value of £721,888.03 ($939,713.66).

Smiths News Trading Down 1.0 %

Shares of SNWS opened at GBX 61.20 ($0.80) on Thursday. The firm has a market cap of £145.10 million, a P/E ratio of 680.00, a price-to-earnings-growth ratio of 0.29 and a beta of 0.83. Smiths News plc has a 12-month low of GBX 45 ($0.59) and a 12-month high of GBX 67.80 ($0.88). The company’s 50-day moving average price is GBX 57.56 and its 200 day moving average price is GBX 58.46.

Smiths News Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be issued a GBX 5.40 ($0.07) dividend. This is a positive change from Smiths News’s previous dividend of $1.75. This represents a yield of 9.47%. The ex-dividend date of this dividend is Thursday, January 9th. Smiths News’s payout ratio is 5,555.56%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 ($1.24) price target on shares of Smiths News in a report on Tuesday.

Smiths News Company Profile

Smiths News plc, together with its subsidiaries, engages in the distributing of newspapers and magazines in the United Kingdom and internationally. It operates through Smiths News Core, Dawson Media Direct, Instore, and Other businesses segments. The company supplies inflight entertainment to airlines and travel points.